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Aspen Power, a company specializing in distributed generation, has successfully finished a rooftop solar venture in partnership with The Michaels Organization, a residential real estate developer. This photovoltaic (PV) system is situated at a newly constructed multifamily complex in Davis, California. It serves as the inaugural project in a series of collaborations between Aspen Power and The Michaels Organization, and its purpose is to serve as a prototype for future endeavors.
According to Jake Blaine, Senior Vice President of Multifamily at Aspen Power, “This project perfectly aligns with Aspen Power’s mission as we expand alongside The Michaels Organization, offering renewable energy solutions to those who need them most. We take pride in having partners like The Michaels Organization who share our vision and value the transition to a clean energy future.”
During its first year of operation, it is anticipated that the project will generate up to 476,500 kilowatt-hours (kWh) of electricity. This solar array will offset roughly 20% of the total annual energy requirements of the building, which would otherwise be supplied by Pacific Gas & Electric (PG&E). As a result of this installation, residents of the newly opened apartments are projected to save an average of 5% on their electricity bills.
Scott Cooper, Vice President of The Michaels Organization, expressed his enthusiasm about the completion of the rooftop solar project at their Chiles Road apartments in collaboration with Aspen Power. He stated, “By integrating clean energy technology, we can provide our tenants with the combined benefits of eco-friendly power and reduced energy expenses. We are proud to partner with Aspen Power in creating a greener and more sustainable future for our communities.”
Aspen Power took full responsibility for the initiation and execution of the project, offering a comprehensive solution that encompassed all stages, from engineering and procurement to installation and connection with PG&E. Aspen Power is the owner of the project and will be responsible for maintaining the solar panels throughout their operational lifespan.
The rooftop solar project developed by Aspen Power enables The Michaels Organization to meet California’s Title 24 requirements, which mandate that multifamily properties generate renewable energy on-site.
In a recent development, Aspen Power acquired Safari Energy, thereby expanding its presence in the commercial and industrial solar market. This acquisition includes over 70 existing projects in California, with a combined solar capacity of 38 MW. Aspen Power has set an ambitious goal to deploy solar projects at a gigawatt scale by the middle of this decade.
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